Mitsubishi UFJ Asset Management Co. Ltd. Decreases Stock Holdings in SentinelOne, Inc. (NYSE:S)

Mitsubishi UFJ Asset Management Co. Ltd. lowered its stake in SentinelOne, Inc. (NYSE:S) by 27.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,183 shares of the company’s stock after selling 56,400 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in SentinelOne were worth $3,380,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in S. Erste Asset Management GmbH purchased a new stake in shares of SentinelOne during the 3rd quarter valued at about $4,816,000. Carnegie Investment Counsel bought a new position in SentinelOne in the fourth quarter worth approximately $7,167,000. Franklin Resources Inc. boosted its stake in shares of SentinelOne by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock worth $698,000 after acquiring an additional 1,366 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of SentinelOne by 74.8% in the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company’s stock worth $1,269,000 after purchasing an additional 24,453 shares in the last quarter. Finally, Ashford Capital Management Inc. raised its holdings in SentinelOne by 72.7% in the 3rd quarter. Ashford Capital Management Inc. now owns 658,435 shares of the company’s stock worth $15,750,000 after purchasing an additional 277,235 shares during the period. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Up 2.3 %

S stock opened at $18.60 on Wednesday. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.29. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of -19.78 and a beta of 0.78. The firm’s fifty day simple moving average is $21.54 and its two-hundred day simple moving average is $23.68.

Analyst Upgrades and Downgrades

A number of analysts have commented on S shares. Oppenheimer assumed coverage on SentinelOne in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target for the company. UBS Group lowered their price target on shares of SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Barclays reduced their price objective on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 11th. Jefferies Financial Group dropped their target price on shares of SentinelOne from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday. Finally, Westpark Capital decreased their price target on SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and an average price target of $26.21.

Insider Buying and Selling

In other SentinelOne news, insider Ric Smith sold 10,624 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $210,036.48. Following the completion of the sale, the insider now directly owns 488,122 shares in the company, valued at approximately $9,650,171.94. This represents a 2.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 20,186 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $399,077.22. Following the transaction, the chief executive officer now directly owns 900,111 shares in the company, valued at $17,795,194.47. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 455,855 shares of company stock valued at $9,528,052. Company insiders own 5.60% of the company’s stock.

SentinelOne Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.